Downers Grove ranked 63rd highest in Illinois for the largest per-household police and fire pension debt, which stood at $12,809 in fiscal year 2024, according to the Illinois Department of Insurance.
The Downers Grove Firefighters Pension Fund posted $49,720,282 in unfunded liabilities for 2024, falling 37.8% short of the assets needed to pay out all promised retirement benefits.
After projecting its investments would grow by 6.5 percent, the Downers Grove Firefighters Pension Fund lost 3.9 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Without members and taxpayers subsidizing its revenue, the Downers Grove Firefighters Pension Fund would have lost $6,513,633 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 82.5 percent of the $4,158,744 the Downers Grove Firefighters Pension Fund brought in 2018, or $4.78 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 51.4 percent of the Downers Grove Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
After projecting its investments would grow by 6.75 percent, the Downers Grove Firefighters Pension Fund netted 6.26 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Downers Grove Firefighters Pension Fund had 75 active participants receiving an average salary of $93,338 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 81.4 percent of the $3,497,763 the Downers Grove Firefighters Pension Fund brought in last year, or $4.29 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.1 percent of the Downers Grove Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division
Pension funds in Lombard, Oakbrook Terrace and Oak Brook would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
Pension funds in Lombard, Oakbrook Terrace and Oak Brook would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
Government pension funds in Naperville, Lisle and Elmhurst depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
Government pension funds in Naperville, Lisle and Elmhurst depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.